Rupee Takes a Dive as Crude Oil Prices Boogie Up

On Tuesday, the rupee took a little dip, dropping 0.38% to 94.55 per dollar, all thanks to crude oil prices doing their dance! State-owned banks jumped in to save the day, keeping the situation from getting worse. With oil prices above $111, the dollar's in demand, and bond yields are creeping up. Traders are now glued to the Fed's next move. Will they shake things up or keep it chill?